We fact-check President Trump's latest economic claims from his national address. Is inflation really stopped? Are gas and grocery prices falling as he says?

Key Takeaways Grocery prices have climbed during President Donald Trump's administration, contrary to his claim this week that they are "falling rapidly."Although overall food prices are rising, they are doing so more slowly than they did earlier in the year.

U.S. consumer prices rose less than expected in the year to November, but households still faced affordability challenges as the costs of basic goods and services like beef and electricity soared, posing a political problem for President Donald Trump.

The Bureau of Labor Statistics has released a report for November, showing that the 12-month rate of inflation stood at 2.7 percent.

CNBC senior economics reporter Steve Liesman, who issued stark warnings about Trump’s tariffs earlier this year, appeared caught off guard as he read the CPI numbers live on air

Inflation had risen steadily through 2025, amid President Trump's aggressive tariff campaign. Will it stick around in 2026?

As the president addressed the nation to tout his accomplishments in nearly a year back in office — including driving prices down — KSTP went back to the grocery store.

President Trump addressed the nation Wednesday night in a politically charged prime-time speech. In front of Christmas trees at the White House, he blamed Joe Biden and the Democrats in general for economic challenges and inflation.

US consumer inflation slowed unexpectedly in November, delayed government data showed Thursday, although levels remained higher than earlier in the year before President Donald Trump's tariffs flowed through the economy.